MiniMax Update # (Recent concentrated reverse roadshows, #Recommended Attention#) (0727)

English summary

#MiniMax Update# (Recent concentrated reverse roadshows, #Recommended Attention#) (0727) 1) The text model is expected to reverse: M3 Pro has a parameter scale of 3 trillion, planned for release from September to October 2026. Focus on complementing #post-training RL and Coding capabilities.# 2) Self-operated computing power is sufficient, cost control is good, and infrastructure optimization such as cluster utilization and operational efficiency is well improved. 3) Multimodal model: H3 is expected to achieve full modality of reasoning + generation, #coming soon.# 4) ARR expectation of 10e USD by year-end, #low valuation.#